Europe Day Ahead: PMI pain, as diplomatic dance quickens

Aug. 22 - A look to the close of the European markets and a look ahead to the next day's trading, as well as what to expect from the Asian markets overnight.

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European shares slipped from thirteen month high as investors unconvinced by signs of progress in the eurozone debt crisis. Japan's dismal export numbers -- reminder of Islam -- top economies. A dismal day for mining shares as BHP ballots on disappoints with a 35% slide in profits the company shelves. A planned twenty billion dollar copper project and says no major investments will be approved for almost a year. Looking ahead and key economic data -- like he just showed the eurozone remains mired in a prolonged slump. Flash PMI is will demonstrate the business activity shrank for a seventh consecutive month in August. I'm with consumer confidence expected to some to a three year low the suspicion will be reinforced. That the region is heading for economic contraction in Q3. German manufacturing activity also -- to to -- continued its slump dragged down by weakening to Mong the pace of industrial decline. Is the fastest since 2009. But some economists say German slowdown is -- bad news. So we probably think that might not be such a bad thing that Germany has put under a bit of economic pressure because it. Forces them to us than him concede a little bit more ground which is necessary trust me for the nearest thing. Angela Merkel and Francois alone who hold the future of Greece in -- hands meet in Berlin Thursday. Greek PM mountainous -- us trying to persuade his European promised to extend the deadline for spending -- And keep Greece in the Euro -- medical -- alone will also discuss the deteriorating situation in Syria. Yes yes three billion dollar takeover of Mexican tequila -- equipment could be announced when the drinks on reports is that your earnings. The deal is part of CEO Paul Walsh is aimed to get 50% of group sales fall emerging markets. By 2015. That's all from Austin now but join us throughout the week Reuters today a snapshot of the latest world news -- market headlines I'll also be talking to Paul Walsh -- DS -- IMAX -- Forbes is what's this.

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